35 Lagos MDAs indicted for financial irregularities

At least 35 Ministries, Departments, Agencies, MDAs, of the Lagos State government have been indicted for various financial irregularities in the Auditor-General’s report, following observations raised by the Public Accounts Committee, PAC of the state House of Assembly regarding outstanding issues in their respective accounts.

It would be recalled that the state House of Assembly, on Monday, held public hearing on proposed law to strengthen revenue collection and administration in the state as well as approved the request of Governor Babatunde Fashola for budget re-ordering which makes provision for external loan (World Bank) Development Planning Operations, DPO, from N30billion to be re-ordered to bond issue.

However, the House similarly, requested that it should be furnished with the debt profile of the state (both foreign and local) including outstanding liabilities before it eventually accede to the governor’s request.